ORGN - Origin Materials GAAP EPS of -$0.05 beats by $0.07 revenue of $6.9M beats by $1.63M

2023-08-09 16:05:36 ET

• Origin Materials press release ( NASDAQ: ORGN ): Q2 GAAP EPS of -$0.05 beats by $0.07 .
• Revenue of $6.9M beats by $1.63M .
• Shares +1.4% .

• Cash, cash equivalents and marketable securities were $217.7 million as of June 30, 2023.

• Operating expenses for the second quarter were $14.4 million compared to $8.7 million in the prior-year period.

• Net loss was $6.3 million for the second quarter compared to net income of $46.9 million in the prior-year period.

• Adjusted EBITDA loss was $11.7 million for the second quarter compared to a loss of $6.9 million in the prior-year period.

• Full Year 2023 Outlook

  Based on current business conditions, business trends and other factors, the Company is maintaining the following guidance for revenue and Adjusted EBITDA for fiscal year 2023:

  • Revenue of $40 million to $60 million
  • Adjusted EBITDA loss of $50 million to $60 million

For further details see: